Davy Stockbrokers calls for small budget 2015 adjustment of €500m
The broker said that Ireland is growing at an “exceptionally rapid pace” and is the fastest growing in Europe
The broker has also said the unemployment rate will fall to 9.6pc next year, it is currently just above 11pc.
The upbeat report also predicts that the recovery will be more broad-based as consumer spending and investment growth accelerate.
“We expect the government deficit will fall to 2.9pc of GDP next …
UK less likely to hike interest rates early as economists see slack in economy
A majority of 67pc of respondents said there’s still enough slack in the British economy to justify holding the key rate at 0.5pc, where it’s been since March 2009. The BOE has put spare capacity at about 1pc to 1.5pc of gross domestic product.
As Mr Carney prepares to publish new forecasts in two days and update investors on his views, the level of slack remains a pivotal issue. Conflicting …
Noonan's officials: we will have say at ECB
And the Department of Finance points out that larger countries, including Germany and France, will also lose their permanent votes. From January 1 next year, all members of the eurozone will get rotating votes at ECB Governing Council meetings.
Fine Gael MEP Brian Hayes has called for a guarantee from the ECB that if a country is not voting, the concerns of that country have to be reflected in the …
Irish businesses under siege as crime costs employers €1.5bn every year
The results of the small employers’ group National Crime Survey found that crime cost businesses €1.5bn last year and owners were losing faith in the judiciary in the fight against crime.
The survey found that the direct costs of crime have risen 136pc since the start of the recession, resulting in an average cost of €9,760 to each business. When the cost of security is included the tally rises to …
Spar South Africa to take 80 per cent stake in BWG
Spar South Africa, a publicly-quoted wholesaler and distributor, is to pay €55 million for an 80 per cent stake in the BWG Group, which owns the Spar brand in Ireland. The new partnership will have up to € 100 million to invest in the expansion of BWG’s wholesale and convenience retailing operations over the next five years, and the new joint venture will be owned 80 per cent by Spar …